India’s growth from an agrarian economy to one of the fastest-growing markets in the world has always been a fascinating case study. To some extent, this transformation has been enabled by the strategic use of credit as a financial tool. The past two decades have clearly witnessed a shift in the credit landscape—from credit being a last resort to becoming a routine financial instrument. NBFCs have been a driving force in this transition, integrating technology, data-backed analysis and last-mile reach to make credit more accessible and inclusive.